See Home Value
Wake 27613
5020 Red Cedar Road
$615,000
● House - Off Market

5020 Red Cedar Road

Raleigh, NC 27613
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,692 Ft²
$3,402
Est. Monthly

About This Property

Tucked beneath a canopy of mature hardwoods on 1.69 acres, this mid-century inspired retreat with a private pond offers a rare combination of architectural character, modern updates, and a setting that simply can't be replicated. From the moment you arrive, a gated entrance welcomes you into a quiet, wooded escape where privacy, nature, and design come together effortlessly. Inside, the home lives like a classic ranch with warm wood accents, clean lines, and a layout designed to maximize both comfort and connection to the outdoors. Expansive water views stretch across the entire back of the home, with updated sliding doors and windows drawing your eye straight to the pond, while a sprawling deck creates a seamless extension of the living space--ideal for entertaining or simply taking in the stillness of the water and surrounding trees. The primary suite offers a peaceful retreat with rich pine floors and a custom walk-in closet, while additional bedrooms and flexible living areas provide space for guests, work, or multi-generational living. Outside, the lifestyle continues with a private dock, updated steps to the water, and thoughtfully designed outdoor spaces including a firepit area and ambient patio lighting. The home reflects true pride of ownership with meaningful improvements already in place, including a roof replacement with added insulation for enhanced efficiency, updated HVAC systems with air purification, replaced exterior and sliding doors, an upgraded irrigation system, exterior lighting enhancements, and major infrastructure updates such as a recently replaced 40' line to the main line into the septic  and multiple water heaters serving different areas of the home . A detached barn/workshop adds versatility for storage, hobbies, or recreational equipment. All of this is set in a highly desirable Raleigh location where you feel completely removed from the pace of the city, yet remain just minutes to everything. This is more than a home-it's a private waterfront setting, a mid-century retreat, and a lifestyle opportunity all in one.
Unit Size
2,692 Ft²
Days on Market
-
Land Size
1.69 acres
Price per sqft
$234
Property Type
House
Property Taxes
$309
HOA Dues
-
Year Built
1957

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Last updated: 6 months ago (TMLS #10157043)

Price History

Date / Event Date Event Price
May 12, 2026 Sold
Sold
Apr 10, 2026 In contract -
In contract
Apr 2, 2026 Listed by Keller Williams Elite Realty $629,900
Listed by Keller Williams Elite Realty
Oct 8, 2025 Price Decreased $799,000
↓ $51K (6%)
Price Decreased
Sep 15, 2025 Listed $850,000
Listed
Welcome to your private oasis with a pond! Tucked away on a beautifully landscaped 1.69-acre lot in a prime location, this rare find offers the perfect blend of comfort, nature, and versatility. This expansive ranch-style home features 3 spacious bedrooms and 3 full bathrooms, all thoughtfully laid out for easy one-level living. The oversized primary suite boasts gleaming pine floors and a custom walk-in closet, providing a serene escape with rustic charm. Step outside to truly fall in love—your backyard is a dream come true. Enjoy morning coffee or evening gatherings on the huge deck overlooking a peaceful private pond, framed by lush trees and vibrant azaleas. Whether you're fishing off your private dock, soaking in the sights and sounds of nature, or entertaining guests, this home delivers an unmatched lifestyle. Additional features include: Gated entry and fully fenced yard for privacy and security; Separate barn/workshop ideal for storing cars, boats, or outdoor gear; Gorgeous wooded setting with seasonal blooms and mature trees within a location that feels secluded yet is close to everything! Don't miss this once-in-a-lifetime chance to own a slice of paradise. This property checks every box: space, charm, water access, and privacy, all in a highly desirable area.
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Property Highlights

Air Conditioning
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 1
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 73,616
  • Total Building Area: 3,444
  • Building Area: 3,444
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,444
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001690
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: BENSON PROP TR1R BM1988-1382

Neighborhood

  • School District Name: Wake County Schools
  • School Tax School District: 23
  • Census Tract: 053720

Zoning

  • Zoning: R-40W

Geography

  • Account Number: 0096425
  • District: 08
  • Parcel: 0789.03-01-1355 0096425
  • Municipality: LEESVILLE
  • Latitude: 35.9238
  • Longitude: -78.7297

    Address

  • Full Address: 5020 Red Cedar Rd
  • Address - House Number: 5020
  • Address - Street Name: Red Cedar
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Raleigh
  • Carrier Code: R029
  • 4-Digit Zip Code: 6067
  • Zip Code: 27613

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $337,422
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1209
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 86
  • Final Value: 739,207
  • High Value: 828,625
  • Low Value: 649,790

    Market Valuation

  • Market Total Value: $430,193
  • Market Land Value: $155,250
  • Market Improvement Value: $274,943

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $430,193
  • Assessed Land Value: $155,250
  • Assessed Improvements Value: $274,943

    Sales

  • Current Sale Contract Date: Oct 22, 1997
  • Current Sale Recording Date: Oct 31, 1997
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jan 01, 1976
  • Previous Sale Contract Date: Jan 01, 1976
  • Previous Sale Amount: $45,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Wake


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Frequently Asked Questions

When was property at 5020 Red Cedar Road built and last sold?
The property at 5020 Red Cedar Road was built in 1957 and last sold on Oct 22, 1997 for $250,000.
How much is this home worth?
The estimated value of the home located at 5020 Red Cedar Road is $0.
What are some comparable homes to 5020 Red Cedar Road?
There are currently no comparable homes to 5020 Red Cedar Road.